Leverage Quotes - page 4
Unfortunately, the critics of economics have had a tendency to discuss the whole structure as a tissue of misconceptions. It is a critique that fails. The strength of economics is its considerable, if far from complete, understanding of the flows and comparative advantages that underlie trade, jobs, capital and incomes, and the logic of optimising behaviour, all backed by glittering accomplishment in mathematics. That makes it a powerful analytical instrument, so that just a few misconceptions – such as a failure to understand the informal economy or resource depletion – have leverage: like a baby monkey at the controls of a Ferrari, they can turn it into an instrument with extraordinarily destructive potential. If it were a tissue of errors, it would not be dangerous: it is its 90 percent brilliance which makes it so.
David Fleming
Loyalty is not an entitlement. It must be earned, both by leaders and by those who follow them. And even when loyalty has been earned, it must have limits. (Who among us can forget being asked by our chiding parents, "If your friend told you to jump off a bridge, would you do it?" Every day we see misplaced loyalty contributing to problems such as bullying, hazing, sexual harassment, discrimination, and corruption. To be sure, it can be difficult to say no to someone in a position of power who is using loyalty as leverage, especially when that person makes it clear that they expect total and unconditional loyalty. But that's where loyalty must meet moral courage, if we are to act honorably and do what's right.
Martin Dempsey